Adyen
Also a provider — view Adyen’s profile →“Can owning the bank charter, the acquiring license, and the issuing stack on one platform out-compete unbundled fintech stacks for enterprise and platform customers?”
Founded 2006 by veterans of Bibit (an earlier Dutch payments business sold to RBS) as a unified global acquirer/PSP for enterprises — explicitly built to replace the patchwork of regional banks/processors merchants had to stitch together. Launched Adyen for Platforms in 2016, pivoting from pure enterprise PSP toward becoming the embedded-finance backbone for marketplaces and SaaS platforms. Obtained a Dutch banking license in 2017 and US/UK/EU licenses thereafter, then layered Issuing (2019), business Accounts, and Capital on top — the strategic bet is that operating its own bank and acquiring stack lets it compress acquiring+issuing+banking into a single rail no competitor (Stripe included) can fully replicate without third-party sponsor banks.